{"id":883239,"date":"2026-01-08T05:12:25","date_gmt":"2026-01-08T11:12:25","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/08\/trump-familys-world-liberty-financial-applies-for-banking-charter-to-expand-usd1\/"},"modified":"2026-01-08T05:12:25","modified_gmt":"2026-01-08T11:12:25","slug":"trump-familys-world-liberty-financial-applies-for-banking-charter-to-expand-usd1","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/08\/trump-familys-world-liberty-financial-applies-for-banking-charter-to-expand-usd1\/","title":{"rendered":"Trump family\u2019s World Liberty Financial applies for banking charter to expand USD1"},"content":{"rendered":"<div data-testid=\"html-renderer-container\">\n<p>The Trump family\u2019s crypto platform, World Liberty Financial, has filed for a national trust banking charter to accelerate the institutional adoption of its USD1 stablecoin.<\/p>\n<p>World Liberty <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260107876750\/en\/World-Liberty-Financial-Announces-that-WLTC-Holdings-LLC-has-Submitted-an-Application-for-a-National-Trust-Bank-Charter-to-Issue-and-Custody-USD1-Stablecoins?feedref=JjAwJuNHiystnCoBq_hl-bV7DTIYheT0D-1vT4_bKFzt_EW40VMdK6eG-WLfRGUE1fJraLPL1g6AeUGJlCTYs7Oafol48Kkc8KJgZoTHgMu0w8LYSbRdYOj2VdwnuKwa\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a> on Wednesday that its subsidiary WLTC Holdings filed with the Office of the Comptroller of the Currency (OCC) for a charter that would allow it to issue, custody and convert its stablecoin in-house, rather than rely on third-party providers such as BitGo.<\/p>\n<p>\u201cInstitutions are already using USD1 for cross-border payments, settlement, and treasury operations,\u201d said World Liberty CEO Zach Witkoff. \u201cA national trust charter will allow us to bring issuance, custody, and conversion together as a full-stack offering under one highly regulated entity.\u201d<\/p>\n<p>World Liberty\u2019s trust bank would allow fee-free minting and redemption of USD1, as well as converting between US dollars and USD1, while enabling it to custody USD1 and other stablecoins.\u00a0<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019b9b0a-b3c8-79d6-bd28-982ecbd0965c.png\" title><figcaption><em>Source: <\/em><a href=\"https:\/\/x.com\/worldlibertyfi\/status\/2009022054658400262\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/x.com\/worldlibertyfi\/status\/2009022054658400262\"><em>World Liberty Financial<\/em><\/a><br \/><\/figcaption><\/figure>\n<h2>Crypto, fintechs help modernize banking system: OCC<\/h2>\n<p data-ct-non-breakable=\"undefined\">The OCC handed out <a href=\"https:\/\/cointelegraph.com\/news\/bitgo-circle-fidelity-bitgo-ripple-occ-approval-bank-conversion\">five conditional approvals<\/a> for banking charters in December to Circle, Ripple, Fidelity Digital Assets, BitGo and Paxos, signaling the regulator\u2019s willingness to expand crypto services into TradFi.<\/p>\n<p data-ct-non-breakable=\"undefined\">Comptroller of the Currency Jonathan Gould said at the time that \u201cnew entrants into the federal banking sector are good for consumers, the banking industry and the economy [as] they provide access to new products, services and sources of credit to consumers, and ensure a dynamic, competitive and diverse banking system.\u201d<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18304599\"><\/template><\/p>\n<p>The OCC and World Liberty could face <a href=\"https:\/\/cointelegraph.com\/news\/senate-democrats-demand-answers-on-trump-cz-pardon\">increased scrutiny<\/a> with a banking charter, as some lawmakers have raised concerns about President Donald Trump\u2019s <a href=\"https:\/\/cointelegraph.com\/news\/democrats-demand-us-treasury-reports-trump-crypto-ventures\">potential conflicts of interest<\/a> in World Liberty and his ties to the broader crypto industry.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/trump-hints-colombia-mexico-next-after-maduro-capture\"><em><strong>Trump floats Colombia action as Bitcoin climbs toward $93K<\/strong><\/em><\/a><\/p>\n<p data-ct-non-breakable=\"undefined\">Trump is listed as a co-founder of the company alongside his sons Eric, Barron and Donald Trump Jr.<\/p>\n<p>President Trump also came under fire for his ties to World Liberty, <a href=\"https:\/\/cointelegraph.com\/news\/trump-pardons-binance-founder-cz\">as he pardoned<\/a> Binance founder Changpeng Zhao after <a href=\"https:\/\/cointelegraph.com\/news\/binance-world-liberty-financial-stablecoin\">reportedly cutting deals<\/a> that helped the Trumps\u2019 platform.<\/p>\n<p>Witkoff reportedly <a href=\"https:\/\/www.wsj.com\/finance\/currencies\/world-liberty-flagship-in-trumps-crypto-fleet-seeks-a-u-s-banking-license-72cca502\" rel=\"noopener nofollow\" target=\"_blank\">said<\/a> that World Liberty structured a trust company \u201cto avoid conflicts of interest,\u201d noting that Trump and his family wouldn\u2019t serve as executives or exercise day-to-day control of the business.<\/p>\n<p><em><strong>Magazine:<\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/how-crypto-laws-changed-2025-further-2026\/\"><em><strong> How crypto laws changed in 2025 \u2014 and how they\u2019ll change in 2026<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/world-liberty-files-banking-charter-expand-usd1?utm_source=rss_feed&#038;utm_medium=rss&#038;utm_campaign=rss_partner_inbound\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Cointelegraph by Brayden Lindrea<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Trump family\u2019s crypto platform, World Liberty Financial, has filed for a national trust banking charter to accelerate the institutional adoption of its USD1 stablecoin. World Liberty said on Wednesday that its subsidiary WLTC Holdings filed with the Office of the Comptroller of the Currency (OCC) for a charter that would allow it to issue<\/p>\n","protected":false},"author":1,"featured_media":883240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24794,4],"tags":[],"class_list":{"0":"post-883239","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-familys","8":"category-trump"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/883239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=883239"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/883239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/883240"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=883239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=883239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=883239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}